UiPath Inc. (NYSE:PATH - Get Free Report) shares traded down 0.2% during mid-day trading on Tuesday . The company traded as low as $12.62 and last traded at $12.71. 1,114,704 shares changed hands during trading, a decline of 88% from the average session volume of 9,570,938 shares. The stock had previously closed at $12.74.
Wall Street Analyst Weigh In
PATH has been the topic of several recent analyst reports. Morgan Stanley increased their target price on shares of UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Bank of America boosted their target price on UiPath from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. Evercore ISI raised their price target on UiPath from $13.00 to $16.00 and gave the company an "in-line" rating in a report on Friday, September 6th. TD Cowen dropped their price target on UiPath from $17.00 to $16.00 and set a "hold" rating for the company in a research report on Friday, September 6th. Finally, BMO Capital Markets lifted their target price on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $17.50.
Get Our Latest Stock Report on UiPath
UiPath Trading Down 0.2 %
The firm has a market capitalization of $6.99 billion, a P/E ratio of -79.44 and a beta of 0.94. The company's fifty day simple moving average is $13.44 and its 200 day simple moving average is $12.68.
Institutional Investors Weigh In On UiPath
Several hedge funds have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new stake in shares of UiPath during the third quarter valued at approximately $26,000. JTC Employer Solutions Trustee Ltd purchased a new stake in UiPath in the third quarter worth approximately $26,000. Hantz Financial Services Inc. purchased a new stake in UiPath during the 2nd quarter valued at $28,000. Quarry LP boosted its stake in shares of UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company's stock worth $40,000 after buying an additional 2,729 shares during the last quarter. Finally, Redwood Wealth Management Group LLC bought a new stake in shares of UiPath in the second quarter worth $43,000. Institutional investors own 62.50% of the company's stock.
About UiPath
(
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UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.
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